| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Saudi Arabian Refineries Company (SARCO) (the "Company") published on the Saudi Exchange (Tadawul) website on 31 May 2026 (corresponding to 14/12/1447H), regarding the signing by its subsidiary, Masafi Ventures Company, of a non-binding Memorandum of Understanding (MoU) with Khadraa Al-Hijaz Environmental Services Company. The Company is pleased to announce to its valued shareholders that all regulatory procedures required for the acquisition of an equity interest in Global Waste Solutions have been completed, and the Company's Articles of Association have been issued under Commercial Registration/Articles of Association No. 7007645737. |
| Previous Announcement | Saudi Arabian Refineries Company (SARCO) Announces that its Subsidiary, Masafi Ventures Company, Has Signed a Non-Binding Memorandum of Understanding with Khadraa Al-Hijaz Environmental Services Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-05-31 Corresponding to 1447-12-14 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Completion of the issuance of the Articles of Association and the Commercial Registration (CR). |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
Saudi Arabian Refineries Company (SARCO) Announces the Latest Developments Regarding the Signing of a Memorandum of Understanding by Its Subsidiary, Masafi Ventures Company, with Khadraa Al-Hijaz Environmental Services Company
AI Summary
- Saudi Arabian Refineries Company (SARCO) announced that its subsidiary, Masafi Ventures Company, has completed all regulatory procedures to acquire an equity interest in Global Waste Solutions.
- The Articles of Association and Commercial Registration (No. 7007645737) have been officially issued for the entity.
- This development follows a non-binding Memorandum of Understanding previously signed with Khadraa Al-Hijaz Environmental Services Company.
- There were no reported changes to the costs associated with the event.
